Corporate Tax Registration Services in UAE
Corporate tax registration services in Dubai have become increasingly important since the United Arab Emirates introduced its federal corporate tax regime in 2023. Professional tax consultants offer expertise in registering companies for corporate tax, helping them understand their tax obligations, and guiding them through the registration process with the Federal Tax Authority (FTA).
Corporate tax registration UAE include assessing a company’s taxable status, preparing necessary documentation, filing registration applications, and liaising with tax authorities. They also provide valuable advice on tax planning strategies to optimize a company’s tax position within legal boundaries.
Note – The CT was introduced at a standard rate of 9% for companies exceeding their annual turnover of AED 375,000 from June 2023. Small businesses with revenue up to AED 3 Million can benefit from new tax relief programme until 31 December, 2026. This is to support micro businesses by reducing their tax complaints cost and corporate tax burden.
Why Do Business Need Corporate Tax Registration Services in UAE?
Corporate tax registration is crucial in Dubai for several key reasons:
- Legal Compliance: With the introduction of federal corporate tax in the UAE, registration ensures businesses comply with local laws, avoiding penalties and legal issues.
- Financial Planning: Registration allows companies to accurately forecast their tax liabilities, enabling better financial planning and budgeting.
- Business Credibility: Being tax-registered enhances a company's credibility with stakeholders, including clients, partners, and financial institutions.
- Access to Government Services: Registered businesses often have smoother interactions with government entities and may access certain services more easily.
- Audit Readiness: Registration promotes proper record-keeping, making companies better prepared for potential audits.
Documents required for corporate tax registration in Dubai are
- Trade License
- Certificate of Incorporation
- Memorandum and Articles of Association
- Passport copies of shareholders and directors
- Emirates ID (for UAE residents)
- Proof of business address (tenancy contract or utility bill)
- Bank account details
- Financial statements or management accounts
- Organizational chart
- Details of related parties and subsidiaries
Now that all the documents are collected, it is important to analyze the business model to understand the implication of corporate tax regime. Here are some key areas of your business that need to be analyzed –
- Tax is usually based on the data present on the financial statement of the company. Hence, it is important that you take financial status of the company into consideration, such as depreciation, amortization, provisioning, revaluation, and many more. These factors help you get accurate figures to calculate taxable income.
- Another important aspect to consider is – operational profile. To ensure business comply with the tax regulation of the UAE, you must ensure effective finance and tax operations and IT system. Your IT systems must be modified to track annual tax liability and incorporate tax computation for EBIDTA calculations. Before releasing financial estimates, the tax burden should be taken into account in your budget and financial planning.
- The UAE tax administration has made compliance with transfer pricing regulations mandatory. A collection of companies’ transfer pricing models show how they allocate, record, and manage transactions. Since this has an impact on taxable revenue, all group firms need to match their operating model with their transfer pricing model. Companies having transfer pricing model implemented throughout the year have easier calculator before closing financial statements of the year.
- Lastly, companies operating in free zone must need to be identified as a Free Zone company. Hence, while registering ensure you are reading through all the terms and conditions that requires to be fulfilled for being a Free Zone company.
How to Sign Up for UAE Corporate Tax Registration?
For anyone looking for corporate tax registration – they must sign up on EmaraTax, that allows you to pay taxes, file tax returns, and request refunds. Here’s how you can sign up for corporate tax registration –
- Log in to EmaraTax platform and add a taxable person.
- Click “Start” in the corporate tax registration tab.
- Choose your business type and enter your identification information.
- Add your “Business Activities.”
- Complete the information with the owner’s details.
- Submit your contact information.
- Add an authorized signatory.
- Review and submit the application.
Once you click the submit button, you will receive a confirmation email for the registration. Then, after your application is approves, you will receive a CTRN (Corporate Tax Registration Number), which can be used to file your corporate tax returns and pay your taxes.
Corporate Tax Registration Important Dates
For juridical persons (resident) incorporated, established, or otherwise recognized before March 1, 2024 –
Date of Issuance of License | Deadline |
1 January – 28/29 February | 31 May 2024 |
1 March – 30 April | 30 June 2024 |
1 May – 31 May | 31 July 2024 |
1 June – 30 June | 31 August 2024 |
1 July – 31 July | 30 September 2024 |
1 August – 30 September | 31 October 2024 |
1 October – 30 November | 20 November 2024 |
1 December – 31 December | 31 December 2024 |
Person not having license as of 1 March 2024 | 31 May 2024 |
The FTA (Federal Tax Authority) emphasizes the accessibility fo corporate tax through EmaraTax portal – which is available 24/7 and offers easy tax registration and filing process.
Why Choose UAECompanysetup.org for Corporate Tax Registration in Dubai?
UAECompanysetup.org has been a leading business and tax consultancy firm in Dubai since a decade – making us the most sought after consultancy in Dubai. We have a team of professionals who can help your business grow and be compliant with the law. Here are a few reasons why you must choose us for corporate tax registration in UAE –
- We understand the tax regime and accordingly we can determine if your business is subject to the tax.
- We help you register for the corporate tax completely and accurately.
- We help you gather all the necessary documents for corporate tax registration.
In addition to the factors mentioned above, we also help you with the following –
- Corporate tax exemptions and deductions
- Calculation of corporate tax liability
- Filing of corporate tax returns
Contact UAECompanysetup.org for Corporate Tax Registration UAE
UAECompanysetup.org strives to offer the best tax and business consultancy services in the UAE. We are registered and approved auditors in Dubai, and have a range of quality services from – accounting and auditing to business solutions.
Contact UAECompanysetup.org – the best corporate tax consultants in Dubai, for the most reliable tax related services in Dubai.
Frequently Asked Question
Here’s the UAE corporate tax rate -
- 0% for taxable income up to AED 375,000
- 9% for taxale income above AED 375,000
Here are the following criteria of corporate tax exemptions -
- Businesses engaged in the extraction of natural resources, as these businesses will remain subject to the current Emirate level corporate taxation.
- Dividends and capital gains earned by UAE business from its qualifying shareholdings.
- Qualifying intra-group transactions and reorganizations will not be subject to corporate tax (in case of certain criteria and conditions are met).
Under UAE corporate tax law, taxable income is determined by the accounting net profit or loss position in the financial statements, and IFRS standards will serve as the foundation for the corporate tax assessment.
